https://www.taxtmi.com/caselaws?id=59385 The Tribunal ruled in favor of the assessee, a partnership firm, granting the deduction under Section 80-IB(10) of the IT Act for the 'Nisarg' project. It determined that 'Nisarg' and 'Breezy Corner' were separate projects, thus meeting the built-up area requirements. The shopping area restriction did not apply as the project was approved before the relevant amendment. Completion certificates for the 'Nisarg' wings were obtained within the required timeframe, satisfying statutory conditions. Consequently, the AO's objections were dismissed, and the assessee's appeal was upheld. en-us Thu, 24 Jan 2008 00:00:00 +0530 Wed, 24 Jan 2024 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59385 The Tribunal ruled in favor of the assessee, a partnership firm, granting the deduction under Section 80-IB(10) of the IT Act for the 'Nisarg' project. It determined that 'Nisarg' and 'Breezy Corner' were separate projects, thus meeting the built-up area requirements. The shopping area restriction did not apply as the project was approved before the relevant amendment. Completion certificates for the 'Nisarg' wings were obtained within the required timeframe, satisfying statutory conditions. Consequently, the AO's objections were dismissed, and the assessee's appeal was upheld. Case-Laws Income Tax Thu, 24 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59385